How to analyze and optimize operational efficiency

As they say “Time is money” you should always spend it wisely. When it comes to managing time in your own company you can not control all the employees by appointing supervisors to them. You need a time tracking tool to initiate a smooth time and work management. Time tracking tools can help businesses to enhance productivity and to generate more revenue. With the increasing culture of remote working or pandemic hit of Work From Home scenario, time tracking is the most precious tool a company should have.

Selection of time tracking tool can be tricky if this is your first time else you know what to look for in your time tracking tool. Either way, this blog post will help you as time tracking tools are not just limited to tracking or managing time but they have evolved as Productivity Enhancement Tool, Project Management Tool, Employee Monitoring Tool, Timesheet Software, etc.

The process of selection of the time tracking tool for your company starts with the identification of your requirements. Once you get clear with the needs you can start concentrating on those requirements and can get the best out of your money. Our recommendations would be to go through the following eight factors:

1. Automation:

This world belongs to save time by doing more things you can do automatically. Always look for the automatic options like auto start and shut, automatic timesheet filling, auto break adjustments, auto invoicing & payroll, etc.

2. Customization:

Just be sure to have the power of customization in your time tracking tool. You may be happy with the set of features available, but you may want some additional features in the future so get ready with this option.

3. Workforce Analytics:

One of the most powerful techniques to improve business performance and revenue. Be sure you can get the desired data for your employees’ daily working styles and can calculate through those data. Analyzing workforce data will help to make better future business decisions.

4. Compatibility:

What are the devices you want the software to run? Generally, employers have Windows, Mac, and Linux with Desktop and Laptops as their preferred devices. If you have any unique requirements, have word with the time tracking tool team.

5. Features:

These days time tracking tool is evolved and you can use the tool however you may want. Still, you may want some of the must-have features available like optional employee monitoring, timesheet management, productivity measurement, HR records, project management, invoice generation, payroll management, etc.

6. Integration:

What are the integration options available? As you may be willing to run the tool with video conferencing, so getting clear with integration options will help.

7. Exporting Options:

Make sure you have easy exporting options. And the data exported is in the formats you can use to analyze according to your needs.

8. Budget:

Different time tracking tools have different pricing options. Make sure that you get the one according to your needs at reasonable rates. Do not forget to compare it with the competitors.

Why Consider TimeChamp?

• TimeChamp is not just a software but you also get your productivity consultation. TimeChamp consultants are the experts in productivity enhancement recommendations.
• Comes with optional employee monitoring so that employees do not feel suffocated and can freely work.
• HR will be able to better manage employees with the safe management of employee data.
• Supported by all the major OS like Windows, Mac, and Linux.
• TimeChamp can integrate well with many other modules to help automate your business. Available modules include Project Management, Leave Management, Status Reports, Compliance Management, Video Conferencing, Analytics, etc.
• Users can choose different pricing options as per requirements.